Homes for sale - 1817 Penrose AVE, East Cleveland, OH 44112

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The Lindsay Team

vlindsay@thelindsayteam.com +1(216) 407-7759

$ 150,000

Est. payment | -/mo

6 Beds

2 Baths

2,910 SqFt

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$ 150,000

Est. payment | -/mo

Save

6 Beds

2 Baths

2,910 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 2,910 sqft

Price per Sqft $51

MLS Listing ID 5103833

Bedrooms 6

Full Baths 2

HOA Y/N No

Abv Grd Liv Area 2,810

Year Built 1907

Annual Tax Amount $1,581

Tax Year 2024

Lot Size 3,798 Sqft

Acres 0.0872

Property Sub-Type Duplex

Property Description

Attention investors! This multifamily property in the rapidly developing Circle East neighborhood is your next value-add project. With solid bones and ample space, this fixer-upper offers incredible profit margins. This side-by-side duplex boasts 3 bedrooms on each side with separate utility meters. Additionally, the attic area has bonus living space. The Circle East District is one of Cleveland's hottest projects and substantial investments with the Cuyahoga County Landbank. Phase I includes a mix of housing types, rebuilding of the waterline and sewer infrastructure, repaving of the streets, new sidewalks, tree lawns, trees, streetlights, and the installation of fiber optic cable. Phase II will begin this year with the groundbreaking of new luxury homes on Penrose Avenue and adjacent streets. These new homes are projected to be listed for over $325,000! The development of new commercial and recreational amenities on Euclid Avenue are included in the plan as well. This is the diamond in the rough you've been looking for! Don't miss this amazing opportunity! Google Circle East District to learn more about this major community revitalization project! Seller will not entertain any assignments of contracts nor seller financing offers. Cash deal. Easy to show!

Location

State OH

County Cuyahoga

Rooms

Basement Unfinished

Interior

Heating Forced Air

Cooling None

Fireplace No

Exterior

Parking Features Garage

Garage Spaces 2.0

Garage Description 2.0

Water Access Desc Public

Roof Type Asphalt

Private Pool No

Building

Sewer Public Sewer

Water Public

Level or Stories Three Or More

Schools

School District East Cleveland Csd - 1812

Others

Tax ID 672-14-109

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Listed by Antoine Moss • Keller Williams Greater Cleveland Northeast • a.moss@kw.com 216-658-2888

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The Lindsay Team

REALTOR® | Lic# 396154

vlindsay@thelindsayteam.com

+1(216) 407-7759

2001 Crocker Rd. STE 200, Westlake, OH, 44145, USA

1817 Penrose AVE East Cleveland, OH 44112

The Lindsay Team

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

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1817 Penrose AVE